May 10, 2002

Belo to hold investor conference in New York

Dallas, TX --Belo (NYSE: BLC) will hold an Investor Conference at The Museum of Television and Radio in New York City on Tuesday, May 14, 2002, at 9:00 a.m. EDT, providing guidance to the investment community on the Company's business strategies and current operations.

The Investor Conference will be simultaneously Webcast over the World Wide Web. The press and public are invited to listen in by logging onto www.belo.com, and following the instructions set forth on the Financial page of Belo's Web site. A replay of the Investor Conference Webcast will be available beginning about three hours after the live event has completed and continuing for a period of approximately two weeks.

About Belo
Belo is one of the nation's largest media companies with a diversified group of market-leading television, newspaper, cable and interactive media assets. A Fortune 1000 company with approximately 7,800 employees and $1.4 billion in annual revenues, Belo operates news and information franchises in some of America's most dynamic markets and regions, including Texas, the Northwest, the Southwest, Rhode Island, and the Mid-Atlantic region. Belo owns 19 television stations (six in the top 16 markets) reaching 13.9 percent of U.S. television households; owns or operates six cable news channels; and manages one television station through a local marketing agreement. Belo publishes four daily newspapers: The Dallas Morning News, The Providence Journal, The Press-Enterprise (Riverside, CA) and the Denton Record-Chronicle (Denton, TX). Belo Interactive's new media businesses include 34 Web sites, several interactive alliances, and a broad range of Internet-based products. For more information, contact Carey Hendrickson, Belo's vice president of investor relations, at 214-977-6606. Additional information, including earnings releases, is available online at www.belo.com.